Others for Auction Visakhapatnam Visakhapatnam 2.6 Lakh by State Bank of India 09 Jul 2026
Visakhapatnam, Visakhapatnam
Visakhapatnam, Visakhapatnam, Andhra Pradesh
State Bank of India · SME Suryabagh Branch
Reserve price
₹2,62,000
EMD ₹26,200
Auction date
09 Jul 2026, 11:00 AM
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Quick read
- ▸Possession: Physical
- ▸Locality: Visakhapatnam
- ▸Reserve: ₹2,62,000
- ▸EMD: ₹26,200
Auction snapshot
| Possession | Physical |
| Property type | Others · Others |
| Locality | Visakhapatnam |
| Lender | State Bank of India |
| Branch | SME Suryabagh Branch |
| Auction type | SARFAESI Auction |
| Bid increment | ₹5,000 |
| Service provider | BAANKNET |
About this property
Others bank auction in Visakhapatnam, Visakhapatnam by State Bank of India — reserve price ₹2,62,000, Physical possession.
An excellent opportunity to acquire commercial kitchen equipment and all cutlery items through a bank auction by State Bank of India in Visakhapatnam. This movable asset lot, previously owned by M/s. Sri Krishna Hotels and Restaurants, is available with a reserve price of ₹2,62,000. Bidders must submit an EMD of ₹26,200 to participate. The e-auction is scheduled for July 9, 2026, from 11:00 AM to 04:00 PM. Inspection of the equipment is available from June 8 to July 8, 2026. This bank auction property offers a 'Physical' possession status and is sold on an 'AS IS WHERE IS' basis. Ideal for entrepreneurs looking for commercial kitchen equipment for their restaurant or hotel business. Don't miss this chance to purchase bank auction kitchen equipment in Visakhapatnam.
GeoSquare note: This auction is for specific commercial kitchen equipment and cutlery items, not traditional real estate. Its appeal is limited to individuals or businesses in the hospitality sector looking for such assets. The price is relatively low, and physical possession is offered, making it a fair option for a targeted buyer. However, market demand for used equipment can be variable, impacting its overall investment appeal.
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